Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Receives $3.90 Average Price Target from Brokerages

Shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) have earned a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $3.90.

Separately, Roth Mkm lowered their price target on shares of Eos Energy Enterprises from $4.50 to $4.00 and set a “buy” rating for the company in a research note on Thursday, November 7th.

Institutional Investors Weigh In On Eos Energy Enterprises

Large investors have recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. boosted its holdings in shares of Eos Energy Enterprises by 40.0% during the second quarter. Cullen Frost Bankers Inc. now owns 70,000 shares of the company’s stock worth $89,000 after purchasing an additional 20,000 shares during the period. Ground Swell Capital LLC bought a new position in Eos Energy Enterprises during the 2nd quarter valued at approximately $34,000. Point72 DIFC Ltd purchased a new stake in Eos Energy Enterprises in the 2nd quarter worth approximately $83,000. Cubist Systematic Strategies LLC grew its position in shares of Eos Energy Enterprises by 138,544.3% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 134,485 shares of the company’s stock worth $171,000 after buying an additional 134,388 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Eos Energy Enterprises during the second quarter valued at approximately $216,000. Institutional investors own 54.87% of the company’s stock.

Eos Energy Enterprises Stock Performance

EOSE stock opened at $5.17 on Monday. The company has a market capitalization of $1.13 billion, a PE ratio of -2.15 and a beta of 2.32. Eos Energy Enterprises has a one year low of $0.61 and a one year high of $5.42. The company’s 50 day moving average price is $3.20 and its two-hundred day moving average price is $2.49.

About Eos Energy Enterprises

Eos Energy Enterprises, Inc designs, manufactures, and markets zinc-based energy storage solutions for utility-scale, microgrid, and commercial and industrial (C&I) applications in the United States. The company offers Znyth technology battery energy storage system (BESS), which provides the operating flexibility to manage increased grid complexity and price volatility.